ADVERTISEMENT
Market news, analysis & forecast powered by
Preview Mode
News
Retail FX
Institutional FX
Fintech
Payments
Cryptocurrency
Executives
Thought Leadership
FMTV
Trending
Education
Forex Education
Cryptocurrency Education
Fintech Education
Industry Terms
Directory
Events
Intelligence
Quarterly Intelligence Reports
Annual Subscription
Custom Reports
What are you looking for?
What are you looking for?
Subscribe to our News & Services
All News
Retail FX
Institutional FX
Fintech
Payments
Cryptocurrency
Executives
Thought Leadership
FMTV
Trending
Education
Forex Education
To B, or Not to Be
Cryptocurrency Education
Fintech Education
Industry Terms
Directory
Events
Intelligence
Quarterly Intelligence Reports
Annual Subscription
Custom Reports
About Us
Contact us
Terms of Use
Privacy
Market News
by
Subscribe to our News & Services
FM ALL News
FM Crypto
Follow us on Twitter
Follow us on Linkedin
FM Home
>
2023
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Nexo Enhances Data Security Credentials With SOC 3 Assessment
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Nexo Enhances Data Security Credentials With SOC 3 Assessment
Thought Leadership
ADVERTISEMENT
2023
Search for a tag
Brokers
Equiti Capital UK Reports 30% Drop in Income despite Revenue Gains
2024-07-15T08:22:36.785+02:00
Although the net income dropped, the company reported increased trading revenue and operational profit in 2023.
Equiti also added 1500 new stocks and ETF CFDs to its offering.
M
o
n
d
a
y
,
1
5
/
0
7
/
2
0
2
4
|
0
6
:
2
2
G
M
T
by
Damian Chmiel
Institutional FX
Sucden Financial Sees 30% Jump in 2023 Profits despite Revenue Dip
2024-07-02T11:13:32.870+02:00
The net profit was at £23.9 million before taxation.
Total assets also grew, reaching a value of £168.5 million.
T
u
e
s
d
a
y
,
0
2
/
0
7
/
2
0
2
4
|
0
9
:
1
3
G
M
T
by
Damian Chmiel
Payments
Digital Bank Revolut Reports 95% Revenue Jump, Record £344M Profit
2024-07-02T08:16:59.656+02:00
The company acquired 12 million new customers, increasing its base to 38 million.
Fintech is also confident that it will soon obtain a banking license in the UK.
T
u
e
s
d
a
y
,
0
2
/
0
7
/
2
0
2
4
|
0
6
:
1
6
G
M
T
by
Damian Chmiel
Retail FX
NAGA Slashes Staff by 40% amid Mounting Losses of €61M in 2023
2024-07-01T08:44:13.107+02:00
The company's revenues shrank by 32% to €40 million.
However, the broker is trying to focus on the pros: positive EBITDA, higher volumes, and cost-cutting.
M
o
n
d
a
y
,
0
1
/
0
7
/
2
0
2
4
|
0
6
:
4
4
G
M
T
by
Damian Chmiel
Retail FX
MFSA Uncovers Hundreds of Financial Scams in 2023 Crackdown
2024-06-11T15:40:00.766+02:00
The Maltese regulator conducted over 474 investigations in 2023.
25% of them were connected to financial scams and unauthorized actvitivies.
T
u
e
s
d
a
y
,
1
1
/
0
6
/
2
0
2
4
|
1
3
:
4
0
G
M
T
by
Damian Chmiel
Retail FX
XTX Holdings (UK) Limited Posts Double-Digit Profit Decline in 2023
2024-05-19T13:59:43.994+02:00
One of the XTX's UK entities reported a drop in net revenue to £8.4 million.
However, the management considers the results satisfactory given the exceptionally strong performance in 2022.
S
u
n
d
a
y
,
1
9
/
0
5
/
2
0
2
4
|
1
1
:
5
9
G
M
T
by
Damian Chmiel
Retail FX
Raisin Reports First Profit in 12 Years amidst Surge in Customer Deposits
2024-05-13T10:33:04.595+02:00
The financial director admits that the net profit might be a one-time thing.
The company intends to continue investing capital but is not considering an IPO.
M
o
n
d
a
y
,
1
3
/
0
5
/
2
0
2
4
|
0
8
:
3
3
G
M
T
by
Damian Chmiel
ADVERTISEMENT
Retail FX
Dukascopy's Net Profit Drops to CHF 1.3 Million in 2023
2024-04-30T12:41:52.656+02:00
The financial result decreased by CHF 5.1 million compared to the previous year.
Market conditions last year were "challenging," according to the bank's Co-CEOs.
T
u
e
s
d
a
y
,
3
0
/
0
4
/
2
0
2
4
|
1
0
:
4
1
G
M
T
by
Damian Chmiel
CryptoCurrency
Crypto Mining Company Argo Reduced Losses by 85% in 2023
2024-04-25T08:58:12.677+02:00
The company slashed its debt burden by 63% and optimized operations.
However, the mining difficulty of BTC after the halving has reached historical highs.
T
h
u
r
s
d
a
y
,
2
5
/
0
4
/
2
0
2
4
|
0
6
:
5
8
G
M
T
by
Damian Chmiel
Payments
Equals' Profit More than Doubled in 2023 to £7.7 Million
2024-04-16T08:55:35.543+02:00
The payments company reported record revenue, profitability, and cash generation in 2023.
T
u
e
s
d
a
y
,
1
6
/
0
4
/
2
0
2
4
|
0
6
:
5
5
G
M
T
by
Damian Chmiel
Payments
ClearBank Goes from £7.1M Loss to £18.4M Profit in One Year
2024-04-04T10:10:15.310+02:00
The company achieved profitability in 2023 despite the challenging financial landscape.
On top of that, the value of held deposits rose to £6.1 billion.
T
h
u
r
s
d
a
y
,
0
4
/
0
4
/
2
0
2
4
|
0
8
:
1
0
G
M
T
by
Damian Chmiel
Analysis
Active Traders in Poland’s FX/CFD Markets Up 23%, Outpacing EU Peers
2024-04-03T14:07:32.321+02:00
"European Tiger" takes the lead regarding active FX/CFD traders numbers, reaching 175,000.
However, investors' trading activity decreased compared to the record-breaking 2022.
W
e
d
n
e
s
d
a
y
,
0
3
/
0
4
/
2
0
2
4
|
1
2
:
0
7
G
M
T
by
Damian Chmiel
Retail FX
Plus500’s Net Profit Fell by 40% in 2023
2024-04-02T09:03:43.618+02:00
Total revenues also shrank 14% to $726 million.
However, the company managed to acquire over 90,000 new customers.
T
u
e
s
d
a
y
,
0
2
/
0
4
/
2
0
2
4
|
0
7
:
0
3
G
M
T
by
Damian Chmiel
Retail FX
Playtech Boosts Revenue to €1.7B Thanks to Key Milestone in B2C
2024-03-27T09:43:14.597+02:00
The company exceeds expectations with 9% Adjusted EBITDA growth.
However, the profit after tax fell slightly, decreasing 2% compared to 2022.
W
e
d
n
e
s
d
a
y
,
2
7
/
0
3
/
2
0
2
4
|
0
7
:
4
3
G
M
T
by
Damian Chmiel
ADVERTISEMENT
FinTech
CAB Payments' Expansion Strategy Pays Off with 25% Income Rise
2024-03-26T09:56:37.616+02:00
Despite higher gross income, the company reported lower profit after tax.
It fell 29% to £23.9 million from £33.4 million achieved a year earlier.
T
u
e
s
d
a
y
,
2
6
/
0
3
/
2
0
2
4
|
0
7
:
5
6
G
M
T
by
Damian Chmiel
FinTech
UP Fintech Attracts Record Net Asset Inflow, Doubles Total Account Balance in 2023
2024-03-20T10:34:54.632+02:00
The company reports strong 2023 results driven by expansion and product innovation.
Revenues increased 10% on a quarterly and 21% on a yearly basis.
W
e
d
n
e
s
d
a
y
,
2
0
/
0
3
/
2
0
2
4
|
0
8
:
3
4
G
M
T
by
Damian Chmiel
Retail FX
iSAM Securities UK Unit’s Revenue Falls 11% as Trading Environment Weakens
2024-03-14T13:07:05.518+02:00
The financial results turned out to be visibly worse than the previous year.
However, the London-based prime broker is gearing up for expansion with new offerings.
T
h
u
r
s
d
a
y
,
1
4
/
0
3
/
2
0
2
4
|
1
1
:
0
7
G
M
T
by
Damian Chmiel
Retail FX
XTB UK Active Clients Surge 90% in 2023 amid Strong Market Volatility, New Products
2024-03-14T11:29:51.560+02:00
The company also reported an increase of 21% in revenue and a rise of 100% in net profit.
Fintech wants to enter the £400 billion ISA market, which could boost its future performance.
T
h
u
r
s
d
a
y
,
1
4
/
0
3
/
2
0
2
4
|
0
9
:
2
9
G
M
T
by
Damian Chmiel
Payments
Worldline's 2023: Revenue Up but €817M Net Loss Weighs on Results
2024-02-28T15:30:52.428+02:00
The company's income grew to €4.61 Billion, but it reported a net loss of €817M.
For 2024, Worldline targets at least 3% organic revenue growth and €1.17 Billion in EBITDA.
W
e
d
n
e
s
d
a
y
,
2
8
/
0
2
/
2
0
2
4
|
1
3
:
3
0
G
M
T
by
Damian Chmiel
CryptoCurrency
Abu Dhabi's First Crypto Miner Shows Initial Report Following $370M IPO Success
2024-02-15T11:15:32.319+02:00
Phoenix Group UAE reported a jump in net income of 50% despite visibly lower revenues.
Crypto assets growth and a one-time contract boosted company's earnings.
T
h
u
r
s
d
a
y
,
1
5
/
0
2
/
2
0
2
4
|
0
9
:
1
5
G
M
T
by
Damian Chmiel
Retail FX
FCA’s 2023 Crusade against Financial Fraud Hits New Peak
2024-02-08T14:26:35.904+02:00
The number of warnings rose 21% from 2022.
Awareness and use of FCA's Warning List increased, aiding scam prevention.
T
h
u
r
s
d
a
y
,
0
8
/
0
2
/
2
0
2
4
|
1
2
:
2
6
G
M
T
by
Damian Chmiel
ADVERTISEMENT
FinTech
Fintech and VC Funding Plummet off a Cliff: Worst Results in 5 Years
2024-02-07T13:20:37.957+02:00
Fintech funding has reached its lowest levels since 2017
Declines have spared virtually no region or industry.
W
e
d
n
e
s
d
a
y
,
0
7
/
0
2
/
2
0
2
4
|
1
1
:
2
0
G
M
T
by
Damian Chmiel
Institutional FX
MarketAxess Reports Higher Net Income and Volume in 2023, Fueled by X-Pro Platform
2024-01-31T14:21:53.488+02:00
The company reports 11% revenue growth in Q4 and substantial gains in 2023.
The new platform and volume growth drove positive results.
W
e
d
n
e
s
d
a
y
,
3
1
/
0
1
/
2
0
2
4
|
1
2
:
2
1
G
M
T
by
Damian Chmiel
Institutional FX
Virtu Financial's 2023 Profit Decline 42% amid Changing Markets
2024-01-25T13:35:04.771+02:00
The fall occurred despite maintaining strong EBITDA margins.
For Q4 2023, the drop was even more visible and came in at 83%.
T
h
u
r
s
d
a
y
,
2
5
/
0
1
/
2
0
2
4
|
1
1
:
3
5
G
M
T
by
Damian Chmiel
FinTech
Boku's Revenue Jumps 30% to $82.7 Million Driven by Increased Transaction Volumes
2024-01-23T11:31:56.354+02:00
The company also forecasts continued growth into 2024
In response to solid results, Boku's shares jumped 7%, hitting a two-year high.
T
u
e
s
d
a
y
,
2
3
/
0
1
/
2
0
2
4
|
0
9
:
3
1
G
M
T
by
Damian Chmiel
See more
Next
ADVERTISEMENT
ADVERTISEMENT
!
"
#
$
%
&
'
(
)
*
+
,
-
.
/
0
1
2
3
4
5
6
7
8
9
:
;
<
=
>
?
@
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
[
\
]
^
_
`
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
s
t
u
v
w
x
y
z
{
|
}
!
"
#
$
%
&
'
(
)
*
+
,
-
.
/
0
1
2
3
4
5
6
7
8
9
:
;
<
=
>
?
@
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
[
\
]
^
_
`
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
s
t
u
v
w
x
y
z
{
|
}